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Cement Historical case study · data as of 08 Jul 2026 · published 11 Oct 2026 (95 days later)

Shree Cement — 100-point case study

How Shree Cement looked on 50 technical and 50 fundamental measures on 08 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: SHREECEM · BSE: 500387
Close on 08 Jul 2026	₹25,910.00
Market cap then	₹93,485 crore
Valuation	P/E 53.4× · P/B 4.02×
Momentum	RSI (14) 55 · 1-year return -17.2%
Next 3 months	-14.8% vs Nifty 50 -5.7% (to 09 Oct 2026)

Scorecard

Technical — 50 points

16 bullish · 26 neutral · 0 caution · 7 bearish — the picture leaned positive.

Fundamental — 50 points

10 bullish · 34 neutral · 1 caution · 4 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 08 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.53%/day	Bullish	Over the last 20 sessions the regression line of closing prices was rising about 0.53% a day — a short-term uptrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +9.3%	Neutral	The 100-session trend line was down (-0.01%/day) and the stock was +9.3% over three months, so the medium-term picture was neutral. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -17.2%	Bearish	Compared with a year earlier the price was -17.2%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 25,221.00 / 30W 25,435.83	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 25,990.00→25,600.00; lows 23,290.00→23,290.00	Bearish	The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	26.4	Bullish	ADX at 26.4 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 31.9 / –DI 20.7	Bullish	+DI was above –DI: upward price pressure outweighed downward pressure. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	25,363.00 (+2.2%)	Bullish	Close of 25,910.00 was 2.2% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	25,018.80 (+3.6%)	Bullish	Close of 25,910.00 was 3.6% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	26,305.70 (-1.5%)	Bearish	Close of 25,910.00 was 1.5% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 26,061.78 / 21E 25,580.13	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 18 Jun 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 4.9% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+1.6% in 20 sessions	Bullish	The 50-day average rose 1.6% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	25,363 / 25,019 / 24,958 / 26,306	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	26,252.52 (-1.3%)	Bearish	Anchored to the start of July, the volume-weighted average price was 26,252.52; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	55.1	Bullish	RSI at 55.1 showed positive momentum without being overbought. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 451.26 / signal 334.07	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	139.48 → 117.19	Bearish	The histogram fell over the last five sessions, meaning momentum was weakening. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	451.26	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 75.4 / %D 85.0	Bearish	Slow stochastic at 75.4 was mid-range with %K below %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-48.1	Neutral	%R of -48.1 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	76	Neutral	CCI at 76 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	+3.5%	Bullish	Price changed +3.5% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.65 (bands 23,591.36–27,134.64)	Neutral	%B of 0.65 — inside the bands, upper half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 14.0% (79th pct of 6M)	Neutral	Band width was at the 79th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹602.49 (2.3% of price)	Neutral	A typical day's range was about ₹602.49, or 2.3% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	26.1% vs 1Y 21.3%	Neutral	Annualised 30-day volatility was 26.1%, close to the one-year level of 21.3%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	24,394.81–26,822.50	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.03	Neutral	A beta of 1.03 means the stock tended to move roughly in line with the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.54× / 5-day 0.43×	Neutral	The final session traded 0.54× its 20-day average volume and the last five sessions averaged 0.43× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.93	Neutral	Average volume on up days was 0.93× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.02	Neutral	CMF at +0.02 indicated roughly balanced money flow. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	47.8	Neutral	MFI, a volume-weighted RSI, was 47.8. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹74 cr/day	Neutral	About ₹74 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	24,765.00 / 23,594.00 / 22,693.33	Neutral	Nearest support (prior swing lows) sat at 24,765.00, 4.6% below the close, then 23,594.00, 22,693.33. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	26,701.43 / 29,952.00 / 30,931.67	Neutral	Nearest resistance (prior swing highs) sat at 26,701.43, 3.1% above the close, then 29,952.00, 30,931.67. How to read: Information only.
40	Monthly pivot points (for next month)	P 26,135.00 \| R1 26,745.00 \| S1 25,300.00	Neutral	Classic pivots from July's high/low/close gave a pivot of 26,135.00; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 23,857 \| 38.2% 24,666 \| 50.0% 25,320 \| 61.8% 25,974	Neutral	Measuring the 6-month fall from 28,090.00 to 22,550.00, the close was nearest the 61.8% retracement at 25,973.72. How to read: Information only.
42	52-week high / low	H 32,490.00 / L 22,550.00	Neutral	The close was 20.3% below the 52-week high and 14.9% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	2 open; latest gap-up 01 Jul at 25,385.00	Neutral	There were 2 unfilled gap(s). The latest, a gap-up on 01 Jul 2026, left an open level at 25,385.00 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	broad sideways range	Neutral	Rule-based pattern scan: broad sideways range. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 23,290.00–26,970.00	Neutral	The close was inside the prior 20-day range of 23,290.00–26,970.00. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 08 Jul the candle opened 26,635.00, ranged 25,805.00–26,775.00 and closed 25,910.00: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 24,270.00–24,845.00; Tenkan 26,005.00 / Kijun 25,130.00	Bullish	Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +6.8% / 3M +5.4%	Bullish	The stock outperformed the Nifty 50 by 5.4 points over three months and outperformed by 6.8 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +6.3%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 6.3 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	16 bullish · 7 bearish · 26 neutral · 0 caution	Bullish	Across the 49 readings the technical picture leaned positive. Levels that mattered: support 24,765.00, resistance 26,701.43. This is a description of the chart on 08 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 08 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 08 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	53.4×	Neutral	At ₹25,910.00 the market valued the company at about ₹93,485 crore, or 53.4× the ₹1,750 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	4.02×	Neutral	Market cap was 4.02× the Mar 2026 book value (equity + reserves) of ₹23,267 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	4.46×	Neutral	The company was valued at 4.46× its trailing-12-month sales of ₹20,944 crore. How to read: Information only.
4	EV / EBITDA (approx.)	20.6×	Neutral	Enterprise value (market cap + ₹1,868 cr borrowings; cash not netted) was 20.6× trailing operating profit of ₹4,638 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	1.9%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹1.9 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	4.73	Bearish	P/E of 53.4 divided by 3-year profit growth of 11.3% a year gives a PEG of 4.73. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.54%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹140 a share, a 0.54% yield on the ₹25,910.00 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹93,485 cr	Neutral	At about ₹0.93 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹8,388.93 vs ₹25,910.00	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹8,388.93; the price was 209% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+8.6%	Neutral	Revenue for FY26 was ₹20,943 crore, +8.6% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+10.3%	Bullish	The Jan–Mar 2026 quarter brought ₹6,101 crore of revenue, +10.3% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+55.6%	Bullish	FY26 net profit was ₹1,749 crore, +55.6% on FY25's ₹1,124 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	-8.2%	Bearish	Quarterly profit was ₹528 crore versus ₹575 crore a year earlier (-8.2%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	5.5%	Neutral	Revenue compounded at 5.5% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	11.3%	Neutral	Net profit compounded at 11.3% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	9.1%	Neutral	Over five years (FY21–FY26) revenue compounded at 9.1% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+55.3%	Bullish	Reported EPS went from ₹311.18 to ₹483.24 (+55.3%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	22%	Neutral	Operating profit (EBITDA) was 22% of sales in FY26 versus 20% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	25% → 20% → 20% → 23%	Bearish	Quarterly margins moved from 25% to 23% over the last four quarters — contracting. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	8.4%	Neutral	₹8.4 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	7.8%	Bearish	FY26 profit was 7.8% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	10%	Neutral	Return on capital employed (debt + equity) was 10% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	5.56%	Neutral	Net profit was 5.56% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	24%	Neutral	The company paid about 24% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	29%	Caution	Non-operating 'other income' of ₹661 crore made up 29% of pre-tax profit — a large share, so core earnings were lower than headline profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.08	Bullish	Borrowings of ₹1,868 crore were 0.08× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.40×	Bullish	Debt equalled 0.40 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	11.8×	Bullish	Earnings before interest and tax covered interest cost 11.8 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+8.0%	Neutral	Shareholders' equity grew +8.0% from ₹21,538 crore to ₹23,267 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹1,466 cr (13% of fixed assets)	Neutral	Projects under construction (CWIP) were 13% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	-10 days	Neutral	Working capital tied up equalled -10 days of sales (FY25: -8). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	227 days	Neutral	It took 227 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	32 (FY25 27)	Neutral	Customers took 32 days on average to pay, versus 27 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹3,794 cr	Neutral	The business generated ₹3,794 crore of operating cash in FY26 versus ₹4,920 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	₹1,979 cr	Bullish	After capital spending, free cash flow was ₹1,979 crore. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	2.17×	Bullish	Operating cash flow was 2.17× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	2.1%	Neutral	FY26 free cash flow was 2.1% of the snapshot market cap. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	₹2,994 cr	Bullish	Free cash flow over FY24–FY26 added up to ₹2,994 crore. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	₹1,815 cr	Neutral	Implied capital expenditure was about ₹1,815 crore, 8.7% of sales. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	31%	Neutral	The company paid out about 31% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	16% / 35% / 31%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹36 cr → ₹36 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	62.56% (+0.00 pts YoY)	Neutral	Promoters owned 62.56% at Mar 2026 versus 62.56% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	8.94% (-0.76 pts YoY)	Neutral	FIIs held 8.94% at Mar 2026, down from 9.70% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	15.79% (+0.72 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 15.79%, up from 15.07%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	0.3 lakh (+19.4% YoY)	Neutral	The shareholder count moved from 0.2 lakh to 0.3 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	6/8	Neutral	Passed: positive profit, positive operating cash flow, CFO > net profit, operating margin improved, ROA improved, no meaningful dilution (<3%). Failed: leverage fell, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	2 strength(s) · 3 weakness(es)	Neutral	Strengths: Company is almost debt free; Company has been maintaining a healthy dividend payout of 27.4%. Weaknesses: Stock is trading at 3.42 times its book value; The company has delivered a poor sales growth of 9.08% over past five years; Company has a low return on equity of 8.23% over last 3 years. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	10 bullish · 4 bearish · 34 neutral · 1 caution	Bullish	On the numbers published by 08 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 53.4×, P/B 4.02×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 08 Apr 2026 – 08 Jul 2026 that an investor could have known on the snapshot date.

28 Apr 2026 CRISIL reaffirms Crisil A1+ rating on Shree Cement's Rs 1,000 crore commercial paper — Shree Cement disclosed to NSE/BSE a CRISIL Ratings letter dated 28 April 2026 reaffirming its Crisil A1+ rating on Rs 1,000 crore of commercial paper. source
06 May 2026 Shree Cement Q4 profit falls 8 pc, margins shrink on cost pressures — Q4 FY26 consolidated net profit fell about 8% YoY to Rs 526 crore while revenue from operations rose 10.3% to Rs 6,101 crore; EBITDA fell 3% to Rs 1,384 crore and cement volumes rose 11% to 10.56 million tonnes. source
06 May 2026 Shree Cement Q4 FY26 press release: final dividend Rs 70, FY26 total Rs 150; capacity 69.3 MTPA — Company press release reports consolidated Q4 PAT of Rs 528 crore, a recommended final dividend of Rs 70 per share (FY26 total Rs 150 vs Rs 110 in FY25), and installed India cement capacity of 69.3 MTPA after commissioning the Kodla, Karnataka plant. source
06 May 2026 Shree Cement Q4 FY26 earnings call: FY27 volume guidance about 40 million tonnes — On the Q4 call management guided about 40 million tonnes of FY27 volume, FY27 capex of about Rs 1,500 crore funded from internal accruals, and expected fuel costs to rise roughly 10-12% in Q1 FY27 (transcript contains transcription inconsistencies). source
08 Jun 2026 Shree Cement co-chairman signals continued consolidation trend in Indian cement industry — News feed item reporting management commentary that consolidation in the Indian cement industry is likely to continue and that cement price hikes were supporting revenue. source
01 Jul 2026 CARE Ratings assigns CARE AAA; Stable to Shree Cement — Shree Cement disclosed to the exchanges a CARE AAA; Stable rating (issuer rating/NCDs per FilingReader; reaffirmation on bank facilities per sahi.com). source

What happened next (08 Jul 2026 → 09 Oct 2026)

Price went from ₹25,910.00 to ₹22,080.00 by 09 Oct 2026 (-14.8%) while the Nifty 50 moved -5.7% — underperforming by 9.1 points.
Highest ₹27,550.00 on 05 Aug 2026; lowest ₹21,355.00 on 01 Oct 2026.
S1 24,765.00: broken on a closing basis on 17 Aug 2026.
S2 23,594.00: broken on a closing basis on 31 Aug 2026.
R1 26,701.43: cleared on a closing basis on 15 Jul 2026.
R2 29,952.00: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and crossed above on 09 Jul 2026.
Apr–Jun 2026 results (reported 31 Jul 2026): revenue ₹6,233 crore (+18.0% YoY), net profit ₹531 crore (-17.5% YoY), operating margin 20% vs 25% a year earlier (Screener consolidated figures).

Later news

31 Jul 2026 Shree Cement: Board approves Q1 FY27 un-audited financial results — The board met on 31 July 2026 and approved Q1 FY27 results: consolidated revenue from operations Rs 6,233.13 crore (up about 18% YoY) and net profit attributable to owners Rs 529.19 crore (total net profit Rs 531.12 crore, down about 17.5% YoY) amid higher raw material and fuel costs. source
31 Jul 2026 Shree Cement consolidated net profit declines 17.66% in the June 2026 quarter — Sales rose 18.03% to Rs 6,233.13 crore; OPM fell to 20.41% from 25.23%; PBT fell about 15% to Rs 741.09 crore. source
03 Aug 2026 Shree Cement maintains FY27 volume guidance of 40 million tonnes — After Q1, the company kept its FY27 India volume target of 40 million tonnes; consolidated volume rose 17.2% to 10.49 million tonnes; the Ras Al Khaimah (UAE) capacity expansion is expected in Q3 FY27; shareholders approved the Rs 70 final dividend at the 31 July AGM. source
25 Aug 2026 Shree Cement sees Rs 247.68 crore NSE block trade at Rs 24,365 per share — News feed reported a block trade worth about Rs 247.68 crore at Rs 24,365 per share; Yahoo data show volume of 126,056 shares that day. source
17 Sep 2026 Shree Cement to consider Q2 results on October 23 — The board will meet on 23 October 2026 to approve results for the quarter and half-year ending 30 September 2026 (intimation broadcast by NSE on 16 September 2026). source

Educational summary. On 08 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved -14.8% against -5.7% for the Nifty 50. Here the chart's message did not line up neatly with what followed — a reminder that indicators describe the past, not the future. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Shree Cement today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 11 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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